Sunday, November 1, 2020

Nigeria: Court orders EFCC to freeze 3 Lagos Govt accounts over alleged N9.9bn fraud, ex-governor Akinwunmi Ambode implicated

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The Federal High Court in Lagos on Tuesday, August 6, 2019 ordered the freezing of three bank accounts said to belong to the Lagos State Government over an alleged N9.9bn fraud

Reports has it that the three bank accounts, domiciled in First City Monument Bank, Access Bank, and Zenith Bank, are numbered 5617984012, 0060949275 and 1011691254, respectively.

The “suspension” of the bank accounts was ordered by Justice Chuka Obiozor, following an ex parte application by the Economic and Financial Crimes Commission (EFCC).

The EFCC, however had implored the judge to freeze the accounts pending the conclusion of the investigation and possible prosecution of the Permanent Secretary in the Office of the Chief of Staff to the Governor of Lagos State, Adewale Adesanya, for money laundering.

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Mr Kungmi Daniel, a member of the EFCC investigating team said the commission discovered “a huge inflow of N9,927,714,443.29” from the state accounts into an FCMB bank account opened on September 17, 2018 during the administration of former governor Akinwunmi Ambode and operated by Adesanya.

Daniel said the schedule of the FCMB account showed how Adesanya and the other signatories to the account made fraudulent transfers from the accounts of the Lagos State Government and dissipated the funds housed in the said accounts.

The trend in the account is that the account always witnessed huge inflow from Lagos State Government in the above-scheduled accounts managed by the respondent (Adesanya),” the investigator said.

RelatedNigeria: EFCC to Freeze Bauchi State N11 Billion Bank Account With FCMB in Money Laundering Case

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He said upon the receipt of intelligence, the EFCC analysed it and found it worthy of investigation.

Report from Punch also has it that the EFCC prayed the court to grant it an order to temporarily attach and take over the accounts to enable it to conclude its investigations.

There have been concerted efforts and attempts to dissipate the contents of the accounts listed in the schedule to this application.

“Without freezing the nominated accounts and temporarily forfeiting the money to the Government of the Federal Republic of Nigeria, there is no way the fraud being perpetrated using the scheduled accounts can be stopped,” the EFCC said.

After listening to submission by the EFCC lawyer, Mohammed Abbas, Justice Obiozor granted the prayers.

He adjourned further proceedings in the matter till August 9, 2019.

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